Enova Systems (ENA)
Enova Systems Beta: 2.616
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ENA Beta Range, Past 5 Years
| Minimum | 2.401 | Jan 2012 |
| Maximum | 3.507 | Oct 2009 |
| Average | 2.944 |
About Beta 60 Month
YCharts calculates the 60 month market beta by regressing stock returns less the risk free rate of returns on the market returns less the risk free rate of return (Market returns come from the S&P 500 Total Returns Index (SPXTR), and the risk free rate is the 4 Week Average T-Bill (Monthly). There must be a minimum of 36 months of stock returns for a company to have its beta calculated.
Beta is a measure of the risk of a stock when it is included in a well-diversified portfolio.
In financial theory, the Capital Asset Pricing Model breaks down expected stock returns into two components. The first is the return that would be expected based on covariance with the movements of the market (for most stocks, when the market as a whole goes up, the price of the stock will also go up). The second part is the increase in the price of a stock that is not explained by the market. The first part - covariance with the market - is what Beta captures.
When Beta is positive, the stock price tends to move in the same direction as the market, and the magnitude of Beta tells by how much. If a stock's Beta is greater than 1, that means that when the market index goes up 1%, we expect the stock will go up by more than 1%. On the contrary, if the market goes down by 1%, we expect the stock to go down by more than 1%. Negative Betas, while rare, signify a negative correlation. When the market goes up, we would expect the stock price to go down.
For readers with a background in regression analysis, Beta is the slope of the linear regression shown in the formula below, where Returns are the return on an individual stock or portfolio, Rf is the risk free rate, RMarket is the return on a market portfolio, and e is an error term.
Learn More
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ENA News
about 12 days ago by MarkeScope
May 01, 7:03PM Business Wire
Apr 25, 8:23AM Benzinga
Apr 24, 11:30PM Business Wire
Mar 07, 1:00PM PR Newswire
Jan 30, 9:00AM Business Wire
Jan 05, 5:00PM Business Wire
about 161 days ago by MarketBrief
Nov 16, 8:00AM Business Wire
Oct 20, 5:03PM Business Wire
about 546 days ago by STLwest1
about 656 days ago by AlacraPulse
about 760 days ago by barrio10010
about 768 days ago by barrio10010
about 798 days ago by barrio10010
about 809 days ago by LordBlankfiend
about 809 days ago by LordBlankfiend
about 845 days ago by barrio10010
about 847 days ago by LordBlankfiend
about 847 days ago by LordBlankfiend
about 857 days ago by barrio10010
about 903 days ago by barrio10010
about 986 days ago by barrio10010
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| ENA | 0.1097 | -0.00 | -0.27% | 4.691M |
| EMN | 47.62 | +0.62 | +1.32% | 6.569B |
| EMITF | 2.20 | +0.00 | +0.00% | 54.76M |
| EMIF | 29.85 | +0.23 | +0.79% | |
| EMI | 13.53 | +0.05 | +0.37% | |
| EMFN | 21.58 | -0.26 | -1.19% | |
| EMF | 16.59 | -0.05 | -0.30% | |
| EMEY | 40.02 | +0.00 | +0.00% | |
| EME | 28.00 | +0.08 | +0.29% | 1.864B |
| EMCI | 20.24 | +0.32 | +1.61% | 260.69M |
